crop insurance News

Romanian Government Plans Drought Insurance Scheme for Farmers

The Romanian government plans to approve an insurance system for agricultural land as part of a series of measures to help farmers whose crops have been ravaged by drought, Agriculture Minister Florin Barbu said on Wednesday. Romania is among the …

Markets/Coverages: Liberty Mutual Re, Insurtech Sprout Offer Parametric Cover for Kenyan Coffee Farmers Facing Climate Risk

Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan coffee growers from financial losses due …

French Farmers Facing ‘Catastrophic’ Harvest Seek State Help

French farmers are calling on the government to provide financial aid as there’s a high risk that this year’s wheat harvest will be the lowest in at least a decade because of heavy rains. Three weeks into the season, field …

Crop Insurance Won’t Let Some Farmers Adapt to Climate Change

In Kansas, where a prolonged drought has killed crops and eroded the soil, Gail Fuller’s farm is like an oasis. Sheep, cows and chickens graze freely on crops and vegetation in a paradisiacal mess. But if Fuller’s farm were to …

Vermont Farmers Take Stock After Losing Crops to Flooding Two Years in a Row

Exactly one year to the date of last year’s severe flooding in Vermont, Joe’s Brook Farm was flooded again by the remnants of Hurricane Beryl. This time it was worse. Workers were able to harvest some of the produce before …

Allianz Sees Damages Worth Tens of Millions for German Vineyards

Insurer Allianz SE expects to pay German winemakers tens of millions of euros in insurance claims this year after many vineyards lost their entire harvest to heavy frosts. While mild temperatures earlier in the year helped shoots to develop sooner, …

Islamic Insurance Helps Cover Muslim Farmers Battling Climate Change

On his four and a half acres of land in central Pakistan, Izhar ul-Haq approaches farming as a science. He knows the precise acidity of the soil and the exact amount of brackish groundwater his crops can tolerate if mixed …

Florida, Environmental Groups Settle Lawsuit Over Massive Phosphate Leak

ST. PETERSBURG, Fla. (AP) — Environmental groups and Florida regulators have settled a lawsuit over the 2021 leak of millions of gallons of polluted water from a phosphate plant reservoir into Tampa Bay, which triggered major fish kills and the …

Pongamia Tree Moves in on Florida Citrus, Promises Climate Resilience, Protein

An ancient tree from India is now thriving in groves where citrus trees once flourished in Florida, and could help provide the nation with renewable energy. As large parts of the Sunshine State’s once-famous citrus industry have all but dried …

Zimbabwe Gets $32 Million in Drought Insurance From Agency of African Union

Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the devastation the country suffered from an El Niño-induced drought. Finance Minister Mthuli Ncube told reporters on Thursday in …